Press

Recent Press

A new biofuels technology company, Stellenbosch Biomass Technologies (SBMT) was launched on 2 July in Sandton, South Africa. SBMT, which is associated with Stellenbosch University as a research partner, holds the rights to commercialize and adapt the latest conversion technology developed by USA-based Mascoma Technologies company.

"I've never seen anything grow faster than our mobile transactions," said Ben Fischman, president and CEO of Retail Convergence, which operates online sample sale site RueLaLa.com. "The opportunities we see with mobile technology are literally jaw dropping."

-ITA Software, Inc., a flight information software company, and Google Inc. (NASDAQ: GOOG) today announced that they have signed a definitive agreement for Google to acquire ITA for $700million in cash, subject to adjustments.

“ITA’s very talented team has created an impressive product to organize flight information”

“ITA’s very talented team has created an impressive product to organize flight information,” said Eric Schmidt, Chairman and CEO of Google. “Their technology opens exciting possibilities for us to create new ways for users to more easily find flight information online, and we’re looking forward to welcoming them to Google.”

At Advanced Electron Beams Inc. in Wilmington, CEO Mitch Tyson said the first phase of his company’s electron emitter rollout is kicking into high gear.

“This is the year that really we should be taking off,” said Tyson, who expects revenue to more than double this year compared to 2009, while the company’s 50-person staff could double within 12 to 18 months.